Capital World Investors Cuts Chart Industries Stake to 13.7%

Ticker: GTLS · Form: SC 13G/A · Filed: 2024-02-09T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, stake-change, SC-13G/A

TL;DR

**Capital World Investors trimmed its Chart Industries stake to 13.7% as of Dec 29, 2023.**

AI Summary

Capital World Investors, a major institutional investor, filed an amended SC 13G/A on February 9, 2024, disclosing their ownership in Chart Industries, Inc. As of December 29, 2023, they beneficially owned 5,091,260 shares of common stock, representing 13.7% of the company. This is an update to their previous holdings, indicating a slight decrease in their stake from 14.1% reported in their last filing, which could signal a shift in their investment strategy for Chart Industries.

Why It Matters

This filing shows a significant institutional investor has slightly reduced its stake in Chart Industries, which could be interpreted as a minor loss of confidence or a portfolio rebalancing, potentially influencing other investors' perceptions of the stock.

Risk Assessment

Risk Level: low — A minor reduction in ownership by an institutional investor is generally not a high-risk event unless it signals a broader trend of divestment.

Analyst Insight

Investors should note the slight reduction in Capital World Investors' stake, but not overreact, as it's a minor change. Monitor future filings from major institutional holders for a clearer trend in sentiment towards Chart Industries.

Key Numbers

5,091,260 — Shares Beneficially Owned (This is the total number of Chart Industries shares Capital World Investors reported owning as of December 29, 2023.)
13.7% — Percentage of Class (This represents the percentage of Chart Industries' common stock that Capital World Investors beneficially owns, indicating a significant but slightly reduced stake.)
5,074,443 — Sole Voting Power Shares (This is the number of shares over which Capital World Investors has sole voting power, showing their direct influence on company decisions.)

Key Players & Entities

Capital World Investors (company) — the reporting person and institutional investor
Chart Industries, Inc. (company) — the subject company whose stock is being reported
5,091,260 (dollar_amount) — number of shares beneficially owned by Capital World Investors
13.7% (dollar_amount) — percentage of Chart Industries common stock owned by Capital World Investors
December 29, 2023 (date) — the date of the event which required the filing
February 9, 2024 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

Capital World Investors will continue to hold a significant, but potentially fluctuating, stake in Chart Industries, Inc. (Capital World Investors) — medium confidence, target: Q3 2024

FAQ

What is the primary purpose of this SC 13G/A filing?

The primary purpose of this SC 13G/A filing is for Capital World Investors to amend their previous Schedule 13G filing, disclosing their updated beneficial ownership of Chart Industries, Inc. common stock as of December 29, 2023, under Rule 13d-1(b).

Who is the reporting person in this filing, and what is their IRS Identification Number?

The reporting person is Capital World Investors, and their IRS Identification Number is 95-1411037, as stated on the cover page of the filing.

How many shares of Chart Industries, Inc. common stock does Capital World Investors beneficially own, and what percentage does this represent?

As of December 29, 2023, Capital World Investors beneficially owns an aggregate amount of 5,091,260 shares of Chart Industries, Inc. common stock, which represents 13.7% of the class, according to the filing's cover page.

What is the CUSIP Number for Chart Industries, Inc. common stock?

The CUSIP Number for Chart Industries, Inc. common stock is 16115Q308, as indicated on the cover page of the Schedule 13G.

When was the 'Date of Event Which Requires Filing of this Statement'?

The 'Date of Event Which Requires Filing of this Statement' was December 29, 2023, as specified on the first page of the Schedule 13G.

From the Filing

0001422848-24-000224.txt : 20240209 0001422848-24-000224.hdr.sgml : 20240209 20240209181414 ACCESSION NUMBER: 0001422848-24-000224 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CHART INDUSTRIES INC CENTRAL INDEX KEY: 0000892553 STANDARD INDUSTRIAL CLASSIFICATION: FABRICATED PLATE WORK (BOILER SHOPS) [3443] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 341712937 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-43584 FILM NUMBER: 24616735 BUSINESS ADDRESS: STREET 1: 2200 AIRPORT INDUSTRIAL DRIVE STREET 2: SUITE # 100 CITY: BALL GROUND STATE: GA ZIP: 30107 BUSINESS PHONE: 770-721-8800 MAIL ADDRESS: STREET 1: 2200 AIRPORT INDUSTRIAL DRIVE STREET 2: SUITE # 100 CITY: BALL GROUND STATE: GA ZIP: 30107 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Capital World Investors CENTRAL INDEX KEY: 0001422849 ORGANIZATION NAME: IRS NUMBER: 951411037 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 333 SOUTH HOPE STREET STREET 2: 55TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 213-486-9200 MAIL ADDRESS: STREET 1: 333 SOUTH HOPE STREET STREET 2: 55TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90071 SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 3 ) * Chart Industries, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 16115Q308 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 16115Q308 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Capital World Investors 95-1411037 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 5,074,443 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 5,091,260 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,091,260 Beneficial ownership disclaimed pursuant to Rule 13d-4 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11.9% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Chart Industries, Inc. (b) Address of Issuer's Principal Executive Offices 2200 Airport Industrial Drive, Suite # 100, Ball Ground, GA 30107 Item 2. (a) Name of Person Filing Capital World Investors (b) Address of Principal Business Office or, if None, Residence 333 SOUTH HOPE STREET, 55TH FLOOR, LOS ANGELES, CALIFORNIA 90071 (c) Citizenship N/A (d) Title of Class of Securities Common Stock (e) CUSIP Number 16115Q308 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance